Key driver for the JPY could still remain North Korean tensions:
First off during the Asian session, Australia will take the stage again to release their retail sales and trade balance, indicating how import and export activity fared in July. However all eyes today is on the ECB Rate Decision at 11:45 AM GMT. The central bank is expected to keep the rates unchanged at 0%, however, we could still see a wave of volatility depending on their tone.
Up next is the US weekly jobs report at 12:30 PM GMT. During the next day’s Asian session, Japan will release their trade balance and GDP data at 11:50 PM GMT. However, the key driver for the JPY could still remain North Korean tensions.
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